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Advisors to the Federal Government worsened the forecast for German economic growth in 2019 to 0.8% from 1.6%. They predict that in 2020, GDP will grow by 1.3%. At the same time, experts do not expect a recession in the German economy, noting strong domestic demand. At the same time, among the risks to future growth, they mentioned the uncertainty surrounding the UK’s exit from the EU, the ongoing trade disputes, and the slowdown in China’s economic growth. Advisors believe that the European Central Bank missed the time to start rolling out incentive measures when an acceleration in economic recovery was noted. Now, in their opinion, in the event of a recession, it will be more difficult for the European regulator to find incentive measures.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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